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WBX

Wallbox N.V.

WBX

Wallbox N.V. • NYSE
$3.63 ▲ 11.01% (+0.36)
Market Cap $38.09 M
52w High $7.83
52w Low $0.23
Dividend Yield 0%
P/E -0.33
Volume 46.20K
Outstanding Shares 10.49M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $38.307M ▲ $33.288M ▼ $-16.07M ▲ -41.949% ▲ $-0.081 ▼ $-16.69M ▲
Q1-2025 $37.075M ▲ $33.462M ▼ $-18.136M ▲ -48.919% ▲ $-0.066 ▲ $-17.185M ▲
Q4-2024 $36.04M ▼ $51.886M ▼ $-45.392M ▲ -125.949% ▲ $-0.17 ▲ $-26.945M ▲
Q3-2024 $36.579M ▼ $52.662M ▲ $-46.07M ▼ -125.949% ▼ $-0.21 ▼ $-27.348M ▼
Q2-2024 $48.754M $44.27M $-27.758M -56.935% $-0.16 $-19.576M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $32.218M ▼ $316.488M ▲ $280.35M ▲ $35.271M ▼
Q1-2025 $49.699M ▲ $0 ▼ $-67.703M ▼ $67.703M ▲
Q4-2024 $45.937M ▼ $353.066M ▼ $290.488M ▲ $64.8M ▼
Q3-2024 $51.149M ▼ $393.125M ▼ $-108.673M ▼ $108.673M ▲
Q2-2024 $70.253M $429.309M $355.34M $104.529M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-18.919M ▲ $0 $0 $0 $0 $0
Q1-2025 $-19.922M ▲ $0 ▲ $0 ▲ $0 $0 $0 ▲
Q4-2024 $-31.705M ▲ $-17.58M ▲ $-7.148M ▼ $0 $0 $-18.607M ▲
Q3-2024 $-40.797M ▼ $-18.895M ▼ $0 ▲ $0 ▲ $0 ▲ $-19.999M ▼
Q2-2024 $-31.191M $-9.423M $-13.745M $-1.089M $-22.18M $-12.776M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully compared with the early years, but it has been almost flat over the last three years, which suggests the business is not yet scaling as fast as the broader EV market. The company does generate positive gross profit, so its products are sold at a markup, but that margin has not expanded much, pointing to pricing pressure or higher production costs. Operating losses remain large relative to sales, with overhead, R&D, and scaling costs outweighing gross profit. Net losses are persistent and even widened again in the most recent year versus the prior year, showing that the path to break‑even is still ahead rather than around the corner.

Balance Sheet

Balance Sheet The balance sheet has become lighter over time, with total assets and especially cash declining from their peaks after the SPAC listing. Debt sits at a meaningful level compared with the equity base, and equity has been eroded by continued losses, which reduces the financial cushion. This combination points to rising leverage and less flexibility if conditions worsen. The company still has assets to work with, but it does not have a fortress balance sheet and will likely remain sensitive to funding conditions and execution on its growth plans.

Cash Flow

Cash Flow The business continues to burn cash in its day‑to‑day operations, although the outflow has eased somewhat from its peak a few years ago. Investment in equipment and facilities has stayed significant but is now more moderate, which helps narrow, but not eliminate, the cash drain. Free cash flow has been negative every year, meaning the company still relies on external capital or existing cash reserves to fund growth and cover losses. The clear challenge is moving from a cash‑consuming model to one where internal cash generation can support ongoing expansion.

Competitive Edge

Competitive Edge Wallbox operates in a very crowded EV charging market, but it does have some distinct strengths. It is an early mover in bidirectional charging and offers a broad range of home, commercial, and fast‑charging products, supported by its own software platform. A global footprint and partnerships with automakers, utilities, and distributors help it gain access to customers and validate its technology. At the same time, it faces intense competition from large industrial players, auto‑linked charging networks, and low‑cost hardware providers, so sustaining pricing power and market share will depend on execution and brand strength rather than technology alone.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point: Wallbox pushes advanced features like bidirectional home chargers, intelligent energy management software, and modular fast‑charging systems. Its in‑house design and manufacturing model supports tight integration between hardware and software, which can improve user experience and speed of product updates. The roadmap includes higher‑power public charging systems and richer software capabilities for grid services and smart homes, which could deepen its ecosystem advantage if adopted widely. The risk is that this innovation effort is costly, and competitors are also investing heavily, so ongoing R&D must translate into products that win real, profitable demand rather than just technological leadership on paper.

Summary

Wallbox is an innovation‑driven EV charging company with differentiated technology, especially in bidirectional charging and integrated software, and it has built a broad global presence and a growing partner network. Financially, it is still very much in the “build‑out” phase: revenue growth has slowed recently, profitability remains distant, and cash burn and leverage are key points to watch. The balance sheet and cash flows suggest limited room for prolonged missteps, making execution on its product roadmap and market expansion critical. If the company can convert its technological lead and partnerships into faster revenue growth and better cost discipline, its profile could improve materially; if not, funding needs and competitive pressure remain the central risks.

NEWS

November 20, 2025 · 6:50 AM UTC

Wallbox and Codale Expand Partnership to Accelerate EV Charging Deployment Across the Mountain West

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November 11, 2025 · 7:50 AM UTC

Wallbox Unveils Supernova PowerRing, a Fast-Charging System Delivering up to 400 kW per Outlet

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November 5, 2025 · 6:50 AM UTC

Wallbox Announces Third Quarter 2025 Financial Results

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November 3, 2025 · 6:50 AM UTC

Wallbox Strengthens Its Leadership Team With Two Key Appointments

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October 28, 2025 · 7:50 AM UTC

Wallbox Partners with Hera Group to Power Fast Charging Network in Central-Northern Italy

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